大型数字平台扼杀式并购的反垄断规制

Antitrust regulation of killer acquisitionby large digital platforms enterprises

数字经济时代下,大型数字平台对初创企业采取的扼杀式并购竞争战略使反垄断规制面临新挑战。扼杀式并购将对市场竞争秩序、数字行业创新、消费者福利产生消极影响。然而,我国单一营业额标准缺乏前瞻性,并购行为竞争损害评估困难,执法机构事后监管存在缺陷。因此,有必要从补充并购交易额标准、完善竞争损害评估标准、强化并购行为的事后监管三方面优化对扼杀式并购的反垄断规制,以维护市场竞争秩序,保障市场经济的健康发展。

In the era of digital economy,the competitive strategy of killer acquisition of start-ups by large digital platform enterprises has led to new challenges for antitrust regulation.The killer acquisition harms the order of market competition,innovation in the digital in-dustry,and consumer welfare.However,China’s single turnover standard lacks foresight,the assessment of competitive damage from M&A conduct is difficult,and there are shortcomings in ex-post supervision by enforcement agencies.Therefore,it is necessary to optimize the an-ti-monopoly regulation of killer acquisition in three aspects:supplementing the M&A turnover standard,improving the competition damage assessment standard,and strengthening the post-event supervision of M&A,to maintain the order of market competition and guarantee the healthy development of the market economy.